In a candid interview on Monday with the German state-owned television network Deutsche Welle, World Bank President David Malpass renewed his criticism of China and private creditors for not doing enough to help ease the debt burdens of the world’s poorest countries and also for not being sufficiently transparent in their loan talks.
DEUTSCHE WELLE: “You also mentioned that despite being part of the G20, China has not participated in the [debt service suspension initiative] for the most part, they haven’t shown many signals, how hard is it going to be to get them involved?”
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Researchers at the Kiel Institue for the World Economy in Germany launched a new database of African debt that confirms a key Chinese talking point: Beijing’s loans to African countries are significantly cheaper ...
Angola is the primary beneficiary of Chinese debt restructuring activities over the past year, accounting for $6.2 billion out of $7.6 billion of total relief provided by Beijing to developing countries in 2020-2021,